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the law sunsetted. i would eventually say there is not a single republican vote in the house or senate to provide more revenue and the reason for that is we all know that revenue is not the problem. $200,000, or $250,000 per couple, this is not a revenue problem, this is a spending problem. so yes, the revenue issue is behind us. and whatever new taxes the president is going to get, he got by operation of law on new year's eve and we now going to focus on the real problem is not that we taxed too little, but that we spend too much. and yes, that is where we are. >> [inaudible question] >> i have a couple thoughts about the debt ceiling in general. it's been used 20 times since the 1950s for major spending reform. you will remember the clinton republican congress deficit reduction package. are calling senate democrats run the senate to follow the regular order. the debt ceiling can originate from either house. the senate finance committee could generate a gut feeling proposal. it would be incumbent upon the senate majority to function. what is their idea about raising the debt ceiling.
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